The Indian tyre market reached a volume of 182 Million Units in 2021. Tyres are essential ring-shaped automotive components manufactured using natural and synthetic rubber, carbon black, polyester, rayon, steel, silica, and vulcanization accelerator. They are typically inflated to cover or protect the rim of wheels while providing a flexible cushion for absorbing shocks. They provide traction between the vehicle and the road, transmit accelerating and braking forces to the ground, help maintain or change the direction, and transfer the vehicle load to the surface. As a result, tyre are widely used to improve the overall performance of automobiles and enhance the driving experience.
As per the analysis by IMARC Group, the top companies in the Indian tyre industry are focusing on expanding their production capacity to gain a competitive edge in the Indian market. They are also making heavy investments in research and development (R&D) activities to introduce innovative product variants, such as ecological and airless tyres. Apart from this, several leading players are developing smart tyres embedded with the Internet of Things (IoT)-based sensors to provide real-time information about the conditions of the tyre, such as air leak detection, tyre performance, and vehicle location. They are also launching high-quality automobile tyres with enhanced sidewall puncture resistance, a high-design cushion to minimize road shocks, improved durability, and better reliability. Other factors like rising environmental awareness among individuals and increasing initiatives undertaken by the Government of India to minimize pollution levels are anticipated to escalate the demand for electric vehicles (EV) in the country and impel the market growth. Looking forward, IMARC Group expects the market value to reach 221.8 Million Units by 2027, growing at a CAGR of 3.59% during the forecast period (2022-2027).
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Top India Tyre (Tire) Manufacturing Companies and Brands:
MRF Limited is a leading Indian multinational tyre company engaged in the manufacturing and distributing tyres and tubes for automobiles, aircraft, motorcycles, and cycles. It puts every tyre through a special acid test on the race and rally tracks. Apart from this, the company is also involved in producing conveyor belts, paint and coats, and hoses. Its manufacturing facilities are located at
- Trichy Tiruvottiyur and Arakonam in Tamil Nadu
- Kottayam in Kerala
- Ponda in Goa
- Medak in Andhra Pradesh
- The Union Territory of Pondicherry
CEAT Ltd. is one of the leading Indian tyre brands and a flagship company of the RPG Group. It primarily deals in cross-ply and radial tyres for vehicles, construction equipment, scooters, and motorcycles. The company sells its tyres globally; however, the Middle East is the leading supplier of sales generation. These tyres are designed to meet diverse specifications, such as ride comfort and low noise for European regulatory requirements. Furthermore, CEAT has operations in more than 100 countries across the globe, including the
- The United States
- The Middle East
- The Asia Pacific
JK Tyre & Industries Ltd.
JK Tyre & Industries Ltd. is one of the leading tyre manufacturing companies in India and the flagship company of JK Organization. It also ranks amongst the top 25 tyre manufacturers around the world. It is focused on driving innovation and excellence in the industry by introducing ground-breaking technologies and products that cater to various business segments in the automobile sector. Its unwavering commitment to innovation is reflected through the concerted efforts at its state-of-the-art global research and technology center. In 2020, the company launched the first-ever ‘Smart Tyre’ technology and introduced Tyre Pressure Monitoring Systems (TPMS) by providing TREEL Sensors that monitor the vital statistics of tyres, including pressure and temperature. It has operations in around 105 countries with 12 globally benchmarked ‘sustainable’ manufacturing facilities in India and Mexico that produce around 35 million tyres annually.
Apollo Tyres Ltd.
Headquarters: Gurugram, India
Apollo Tyres Ltd. is a leading international tyre company engaged in producing automobile tyres and tubes. It also manufactures automobile flaps and retreading materials. It markets and sells its products under its two global brands, namely Apollo and Vredestein. In 2015, Apollo Tyres acquired Reifencom GmbH, one of the largest tyre distributors in Germany. The company has four manufacturing facilities in India - two in the rubber-producing state of Kerala and the other two in Gujarat and Tamil Nadu. It also has operations in the global markets, including the
- The United States
- The United Kingdom
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the Indian tyre market and regional Japan, Pakistan, North America, GCC, Asia Pacific, Europe, Saudi Arabia, United States, which has enabled the clients to set up and expand their businesses successfully. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development